Barclays Securities India Private Limited-Business Oversight Compliance

Job Description

Purpose of the role

To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organisation is operating in a compliance with Barclays legal, regulatory and ethical responsibilities. 

Accountabilities

• Identification and assessment of compliance risks through thorough reviews of business activities, changes, processes, testing and systems to.
• Identification and investigation of potential market abuse, including but not limited to, Insider Dealing, Unlawful Disclosure, Market Manipulation or Anti-Competitive Conduct.
• Conduct investigation of compliance risk events or breaches. Oversight and check and challenge of corrective actions and preventative measures to avoid future occurrences.
• Implementation of compliance policies and procedures in line with regulatory requirements and ensuring that the bank’s internal policies are aligned with international standards, including jurisdictional requirements.
• Collaboration with 1LOD, other relevant Compliance teams and legal, and relevant risk management functions to facilitate a comprehensive approach to compliance and risk management.
• Identification, investigation and oversight of potential money laundering, terrorist financing or other financial crime.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and escalate breaches of policies/procedures..
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements..
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others..
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions..
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.

Join us as a "Business Oversight Compliance - Private Bank Wealth Management India VP" at Barclays, where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences. To provide data-led expert oversight and check and challenge on business and compliance matters to evidence that the organization is operating in a compliance with Barclays legal, regulatory and ethical responsibilities. 

You may be assessed on the key critical skills relevant for success in role, such as experience compliance advisory covering Investment advisory, Research, PMS, AIF regulations governed by SEBI.

To be successful as a “Business Oversight Compliance - Private Bank Wealth Management India VP ", you should have experience with:

Basic/ Essential Qualifications:

• In-depth knowledge and understanding of the regulatory requirements in India across the functional areas.
• Robust understanding of the various products and services offered by the Private Bank business cluster with focus on Investments and Asset management (PMS/AIF/ Investment Advisory/ Research) businesses
• Understanding of Gity city regulations will be preferred
• Preferred Post graduate qualification and relevant experience commensurate with VP role gained in the legal or compliance departments.
• Strong knowledge of Indian business environment.
• Ability to work closely with other functions to find both technical and procedural solutions.
• Quick thinker with ability to understand complex transactions and explain compliance issues clearly and concisely.
• Ability to take independent decisions and guide business as well as to handle areas of difference with business and escalate.
• Detail oriented, strong team player with a proven track record.

Desirable skillsets/ good to have:

• Provide day to day advice and check and challenge the business on all relevant matters including escalating significant matters promptly, providing additional information where requested, analyzing/interpreting legal, regulatory and internal policy/procedure issues.
• Maintain regular communication/liaison with relevant senior management, business and others to ensure that they are aware of the business and regulatory risks, including advising them of significant policy matters, regulatory changes, audits and inspections and breaches, if any.
• Proactively lead the enhancement of the local compliance culture in the entity through a range of methods, including attendance at local business/other team meetings, training, engagement with local risk management, operations and front office staff, identification of and sharing best practices.
• Active involvement in the product approval procedure (from initial discussion stage to roll out of new products) and provide a holistic view on the product and help the business in determining an appropriate control and governance framework.
• Attend and contribute to local, regional and global team meetings/calls, helping identify and share best practices, and undertaking peer reviews.
• Attending to all regulatory compliance issues including focus on Investment and asset management related matters compliance advisory covering Investment advisory, Research ,PMS, AIF regulations governed by SEBI

This role will be based out of Nirlon Knowledge Park, Mumbai.